OpenSea, the premier bazaar for digital collectibles and non-trading tokens (NFTs), announces its support for Arbitrum Nova.
Nova is a value 2 blockchain designed for low-cost data availability. OpenSea’s unique integration of NFT into this blockchain allows users to access Nova as a low-cost version of Ethereum when buying or reselling digital collectibles.
In September 2022, OpenSea will help expand a similar value network of 2 Arbitrum Nova under the title Arbitrum. both Nova and Arbitrum are being developed by Offchain Labs. openSea is a leading developer of the Arbitrum Nova collection. OpenSea states that the Arbitrum Nova collection will be grouped with other Arbitrum collections on the OpenSea website.
OpenSea is not Nova’s first NFT marketplace, backed by smaller rivals such as TreasureDAO’s Trove, Babylons, and ToFu; Nova is still used to host points of interest in the Reddit community.
However, it is still in its infancy; according to Defillama on Arbitrum Nova’s use, the total locked-in price (TVL) is currently $890,000. Could not load all totals.